NEW DELHI, Nov 12 (Reuters) - Accumulated losses at SpiceJet
have fully eroded the net worth of the company as at
Sept. 30, its auditors said on Monday, after the second biggest
budget carrier in India posted a quarterly net loss.

The company's ability to operate on a "going concern" basis
is "significantly" dependent on establishing continued
profitable operations and raising cash to meet short- and
long-term obligations, the auditors said in a review report to
the company.